MA Bill Requires Citizens to Purchase Health Insurance
April 5, 2006 (PLANSPONSOR.com) - The Massachusetts legislature has passed a bill that requires all residents to obtain health insurance by July 1, 2007.
Compliance
FleetBoston Cash Balance Suit Moves Forward
April 5, 2006 (PLANSPONSOR.com) - The US District Court for the District of Connecticut has ruled that a FleetBoston Financial Corp. employee can continue to pursue her claims...
Companies Fight to Preserve Conflict of Interest Provision
April 5, 2006 (PLANSPONSOR.com) - Financial services companies are fighting to keep a provision in the US House pension reform measure passed last year dealing with the Employee...
Legislators Consider Extending Pension Relief to Auto and Steel Industry
April 5, 2006 (PLANSPONSOR.com) - Lawmakers assigned the task of reconciling the two major pension reform bills passed last year are considering an expansion of the provision for...
Shift Differentials Must be Included in Calculated Overtime
April 4, 2006 (PLANSPONSOR.com) - The US District Court for the Southern District of Iowa has ruled that an employer must include the shift differential it regularly pays...
AT&T Cleared in Cash Balance Notification Suit
April 4, 2006 (PLANSPONSOR.com) - A federal judge has cleared AT&T of allegations it violated the Employee Retirement Income Security Act (ERISA) by not providing employees 15 days...
DoL: FLSA Exemption Depends on Pay Scheme
April 4, 2006 (PLANSPONSOR.com) - Workers paid a commission amount for their sales activities may be exempt from federal salary laws if their commission amount is a percentage...
Court Rules Against Trustees' Basis for Allocating Earnings
April 3, 2006 (PLANSPONSOR.com) - The US District Court for the Southern District of Ohio has determined that a profit sharing plan's trustees unreasonably allocated losses to a...
PBGC Adds Appeals Board Decisions to Web Site
April 3, 2006 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has added to its Web site an inventory of Appeals Board decisions.
SPD Provision not in Plan Document not Enforceable
March 31, 2006 (PLANSPONSOR.com) - The US District Court for the Western District of Arkansas has agreed with a health plan participant that a provision of the plan...
Chao Names 2006 Benefit Advisory Council Members
March 31, 2006 (PLANSPONSOR.com) - US Secretary of Labor (DoL) Elaine Chao on Friday tapped five new members of the 2006 Advisory Council on Employee Welfare and Pension...
MSRB Files Guidance Related to 529 Plan Sales
March 31, 2006 (PLANSPONSOR.com) - The Municipal Securities Rulemaking Board (MSRB) has filed interpretive guidance with the Securities and Exchange Commission (SEC) related to the sale of 529...
Pension Can be Garnished to Pay Criminal Restitution
March 31, 2006 (PLANSPONSOR.com) - The 9th US Circuit Court of Appeals has vacated a district court's order quashing a writ of garnishment against an employee's pension plan...
PBGC Wins Fight to Avoid Taking WCI Steel Plan
March 30, 2006 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has announced the successful end of its effort to prevent abandonment by WCI Steel Inc. of its...
Boehner: Expect Pension Compromise after Congressional Break
March 30, 2006 (PLANSPONSOR.com) - The closely watched negotiations between members of the US House and Senate have apparently gotten so bogged down that a final pension reform...
IRS Issues Final Rules on Benefit Option Explanations
March 28, 2006 (PLANSPONSOR.com) - The IRS has issued final rules to ensure clear explanations are given to retiring pension plan participants of the benefit options available to...
Maryland Legislators at Odds on Pension Reform
March 28, 2006 (PLANSPONSOR.com) - Both sides of the Maryland Legislature are holding firm that their pension reform proposals are better suited to enhance retirement paychecks.
409A Rules Not Expected Until Fall
March 28, 2006 (PLANSPONSOR.com) - After getting flooded with public comments regarding Section 409A rules on non-qualified deferred compensation plans, federal officials now caution not to expect final...
Court Clarifies Responsibilities Regarding Co Stock Investments
March 27, 2006 (PLANSPONSOR.com) - The US District Court for the District of New Jersey dismissed some defendants and left intact charges against others in a case charging...
Florida Lawmakers to Take up Workplace Gun Bills
March 27, 2006 (PLANSPONSOR.com) - Florida lawmakers are expected this week to take up controversial measures allowing people to keep weapons locked in their cars while they are...